Philanthropists work together to create a $ 1 billion decentralized green energy platform to combat climate change

Two charities have jointly created a $ 1 billion Decentralized Renewable Energy (DRE) platform that seeks to improve the lives of billions of people around the world by addressing climate change.

DRE refers to renewable energy produced by off-the-grid technology and mini-grid settings located near locations used by businesses and consumers to reduce social reliance on large-scale centralized power plants. Point to.

This initiative is jointly led by the IKEA Foundation and the Rockefeller Foundation, which are planned to operate as philanthropic activities.

The IKEA Foundation is an independent charity affiliated with the Swedish furniture retailer of the same name. The Rockefeller Foundation, on the other hand, is a charity with a particular focus on making renewable energy more accessible to people.

Together, the platform will be clean and reliable to 800 million people around the world who are currently out of power and an additional 2.8 billion with intermittent and unpredictable access to electricity. We hope to be able to provide high renewable energy.

“While funding to support energy transitions is increasing at the global level, many organizations are struggling to identify viable and investable projects,” the two organizations said in a statement. .. “As a result, many emerging economies still rely on unreliable and polluted energy sources.

“By creating a platform for more efficient deployment of catalytic capital and making it large-scale to support the expansion of renewable energy projects in the region, the government has set its goals for renewable energy electrification and development. You will be able to achieve it well. “

Per Heggenes, CEO of the IKEA Foundation, recognizes that this initiative would be difficult to meet the greenhouse gas reduction targets within the Paris Agreement without urgent intervention to reduce society’s dependence on fossil fuels globally. He said it also came from.

“Our overall goal is to create a platform that supports renewable energy programs that can achieve greenhouse gas reductions quickly and efficiently and accelerate energy transitions,” said Heggenes. .. “We need to replace polluted energy sources with renewable energy sources, provide communities with access to energy, and free up more funding for sustainable models.

“Ultimately, we aim to urgently act on the country and the community to tackle the climate crisis and reduce 1 billion tonnes of greenhouse gas emissions. By doing so, 1 billion people We hope to have a positive impact on people’s lives. “

Rajiv Shah, chairman of the Rockefeller Foundation, said the economic consequences of the “climate crisis” are heading towards worse than initially feared as a direct result of the Covid-19 pandemic.

“Millions of lives and trillions of dollars have been lost to Covid-19, and after decades of progress, people have returned to poverty,” Shah said. “The effects of the climate crisis will exacerbate this, which is why we must now invest to reverse this downward spiral.

“To revitalize a better future, we need big, bold, pioneering collaboration and investment, not only in the short term but also in the long term. Work with the IKEA Foundation to double that investment. “ Philanthropists work together to create a $ 1 billion decentralized green energy platform to combat climate change

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